4A- 81 Northern Heights Drive, Richmond Hill
Richmond Hill
$779,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by HOMELIFE GOLD PACIFIC REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,850/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully renovated south-facing condo townhouse in the heart of Richmond Hill, perfectly situated facing a peaceful park and offering a bright, family-friendly setting. Completely updated from top to bottom except the two showers, this move-in ready home combines modern finishes with everyday comfort. Enjoy brand-new laminate flooring throughout, a stylish new kitchen, updated light fixtures, fresh paint, and new carpet. The home is equipped with new stainless steel appliances, including a fridge, stove, dishwasher, as well as a washer and dryer. Additional upgrades include new windows and a new sliding patio door leading to the private backyard, enhancing both energy and efficiency with natural light. Ideally located close to excellent schools, Hillcrest Mall, grocery stores, banks, restaurants, and everyday conveniences. Walk to public transit and enjoy easy access to everything Richmond Hill has to offer. With its park-facing location, extensive renovations, and unbeatable convenience, this exceptional home is perfect for families, professionals, or anyone seeking turnkey living in a highly desirable neighbourhood. LA is related to one of the sellers
MississaugaInvestor.ca
4A- 81 Northern Heights Drive
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$779,000
Cash-Flow Report · August 2, 2026
Cap Rate
2.21%
Monthly Cash Flow
-$2,151/mo
Estimated Rent
$2,850/mo
Cash-on-Cash
-15.11%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,850 |
| Mortgage | −$3,586 |
| Property Tax | −$467 |
| Insurance | −$225 |
| Condo Fee | −$580 |
| Vacancy (5%) | −$143 |
| Cash Flow | -$2,151/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,200 |
| Vacancy (5%) | −$1,710 |
| Property Tax | −$5,609 |
| Insurance | −$2,700 |
| Condo Fee | −$6,960 |
| Annual NOI | $17,221 |
| Cap Rate | 2.21% |
Cash Required to Close
| Down Payment (20%) | $155,800 |
| Ontario Land Transfer Tax | $12,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $170,855 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.